August 2025 Newsletter

AUGUST 2025 NEWSLETTER

Here are 4 money myths that we want to bust!

Myth # 1 – Investing in the stock market is too risky

Many are wary of investing in the stock market for fear that they will lose all of their money should the market dramatically take a turn for the worse. One way to mitigate this fear and manage your risk is to have a diverse portfolio. Time is also a factor when you invest money. Time is an investor’s best friend.

Myth # 2 – You can’t contribute to an IRA after you retire

Even if you are retired, you can still contribute to traditional or Roth IRAs if you have earned income.

Myth # 3 – Saving for retirement is hopeless if I start late or contribute small amounts

It seems like a while down the road before you have to retire, and right now, you can only contribute a small amount, so what good would that do? Money has a way of accumulating, especially if you start investing early. However, it is never too late to begin saving for your retirement.

Myth # 4 – All debt is bad debt

The word debt comes with uneasy connotations; however, not all debt is bad. In a nutshell, having “good” debt refers to money that was borrowed to increase your income over time, like student loans, a business loan, or a home mortgage. “Bad” debt, on the other hand, is considered money spent that doesn’t help your financial position, for example credit card debt and personal loans.

On a personal note, Nick turned 22 last week. I can’t believe how time flies. It’s been awesome having him home for the summer and watching him prepare for the upcoming season. He’s working hard on the ice and in the gym to be ready for when he reports to Bentley. He has always struck an amazing balance with hockey, his friends, his girlfriend, and his family. I couldn’t be prouder of him. Lexi leaves for school August 28th, a day I am dreading. My baby girl will be moving into college, and I am going to miss her terribly. She is so excited for the next chapter in her life. She got her dorm and roommate’s information, and she is in a big quad room with 3 other girls. They have been in contact and seem to have a nice rapport going already. I really hope this month goes by extremely slow!!

This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk